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The closing price of Ocean Power Technologies (AMEX: OPTT) was $0.15 for the day, down -4.28% from the previous closing price of $0.15. In other words, the price has decreased by -$4.28 from its previous closing price. On the day, 2.73 million shares were traded. OPTT stock price reached its highest trading level at $0.1502 during the session, while it also had its lowest trading level at $0.141.
Ratios:
Our analysis of OPTT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.05 and its Current Ratio is at 2.16. In the meantime, Its Debt-to-Equity ratio is 0.11 whereas as Long-Term Debt/Eq ratio is at 0.07.
On May 09, 2013, Ascendiant Capital Markets started tracking the stock assigning a Strong Buy rating and target price of $5.
UBS reiterated its Buy rating for the stock on July 17, 2008, while the target price for the stock was revised from $19 to $14.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OPTT now has a Market Capitalization of 14886251 and an Enterprise Value of 13518651. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.60 while its Price-to-Book (P/B) ratio in mrq is 0.62. Its current Enterprise Value per Revenue stands at 2.434 whereas that against EBITDA is -0.525.
Stock Price History:
Over the past 52 weeks, OPTT has reached a high of $0.57, while it has fallen to a 52-week low of $0.12. The 50-Day Moving Average of the stock is -10.72%, while the 200-Day Moving Average is calculated to be -35.06%.
Shares Statistics:
OPTT traded an average of 3.37M shares per day over the past three months and 2227730 shares per day over the past ten days. A total of 99.32M shares are outstanding, with a floating share count of 85.57M. Insiders hold about 13.85% of the company’s shares, while institutions hold 4.19% stake in the company. Shares short for OPTT as of 1730332800 were 3615181 with a Short Ratio of 1.07, compared to 1727654400 on 5946564. Therefore, it implies a Short% of Shares Outstanding of 3615181 and a Short% of Float of 3.74.
